Ranked Number 5 on the CNNMoney list of Best Places to Live in 2008 there is literally nothing Bethesda does not offer it’s residence. From amazing restaurants to fancy shopping, it is the social and economic hot spot for Montgomery County. Bordering the affluent, Northwest DC area, it’s location is amazing for commuters into the city as well as becoming an employment hub in it’s own right. It has just about everything and if you wanted to, you would never have to leave.
Kelsey Abbott of CNN Money says…
Bethesda boasts one of the country’s best-educated populations for a city of 50,000 or more: more than 80% of its residents have at least a bachelor’s degree. Low crime, rapid job growth and easy access (at least without rush-hour traffic) to airports and downtown Washington D.C. make Bethesda attractive to many entrepreneurs – and business opportunities up the appeal.
Three of the area’s business innovation centers are within six miles of the town. Not only can tech startups rent the space and share facilities (video conferencing and the reception area, for instance), the county will provide legal counsel through lawyers at the University of Maryland and fiscal advice from financial services companies. While some owners say that navigating Montgomery County’s various regulations can make launching tricky, the county eases the process for eligible firms with tax credits for creating jobs, expanding, and – if you’re an artist – simply living and working in Bethesda.
The city also is a foodie hub, with over 250 restaurants. Every year, thousands of guests attend the annual Taste of Bethesda festival, where they’re treated to dishes from dozens of local restaurants and music performances on four stages.
I couldn’t say it better.
Why people love Bethesda, MD?
It’s a great place to be and be seen. It has everything and if you have the money you can lived a very charmed life in just about any style of living you want. From high end condo to spacious mansion.
How much far will your money go?
Not very. Bethesda is one of the most expensive places you can possibly choose to live in the Country, let alone the greater DC metro. Your dollars don’t go very far but you can still say you live there.
Real Estate Market Stats
Zillow Home Value Index: $691,400
Zillow Home Value Index
Owners vs. Renters
Home Size in Square Feet
Year Built
| Local | National | |
|---|---|---|
| Zillow Home Value Index | $691,400 | $146,900 |
| Median Single Family Home Value | $787,400 | $146,900 |
| Median Condo Value | $281,400 | $145,800 |
| Median 2-Bedroom Home Value | $447,100 | $110,100 |
| Median 3-Bedroom Home Value | $688,800 | $140,500 |
| Median 4-Bedroom Home Value | $791,900 | $230,100 |
| Percent Homes Decreasing | 69.9% | 63% |
| Percent Listing Price Reduction | 23.8% | 25.6% |
| Median List Price Per Sq Ft | $373 | $92 |
| Median List Price | $899,900 | $180,000 |
| Median Sale Price | $745,600 | $178,200 |
| Homes Recently Sold | 59 | 289,233 |
| Property Tax | $6,514 | $2,111 |
| Turnover (Sold Within Last Yr.) | 3.3% | 3.4% |
| Median Value Per Sq Ft | $401 | $105 |
| 1-Yr. Change | -1.6% | -4.7% |
| >Homes For Sale By Owner | 4 | 42,034 |
| >New Construction | 0 | 43,811 |
| >Foreclosures | 1 | 566,680 |
Schools
Ashburton Elementary School
Bannockburn Elementary School
Bethesda-Chevy Chase High School
Bethesda Elementary School
Bradley Hills Elementary School
Burning Tree Elementary School
Carderock Springs Elementary School
Seven Locks Elementary School
Walt Whitman High School
Walter Johnson High School
Westbrook Elementary School
Westland Middle School
Wood Acres Elementary School
Wyngate Elementary School
North Bethesda Middle School
Thomas W. Pyle Middle School
Stone Ridge School of the Sacred Heart
Kemp Mill Elementary School
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